国内英语资讯:Economic Watch: China gears up for launch of crude oil futures
<p><span word="BEIJING">BEIJING</span>, <span word="March">March</span> 12-- <span word="Chinese">Chinese</span> <span word="institutions">institutions</span> <span word="are">are</span> <span word="preparing">preparing</span> <span word="for">for</span> <span word="the">the</span> <span word="launch">launch</span> <span word="of">of</span> <span word="much">much</span>-<span word="anticipated">anticipated</span> <span word="yuan">yuan</span>-<span word="denominated">denominated</span> <span word="crude">crude</span> <span word="oil">oil</span> <span word="futures">futures</span>, <span word="a">a</span> <span word="move">move</span> <span word="seen">seen</span> <span word="to">to</span> <span word="give">give</span> <span word="the">the</span> <span word="country">country</span> <span word="greater">greater</span> <span word="pricing">pricing</span> <span word="power">power</span> <span word="over">over</span> <span word="commodities">commodities</span>.</p><p><span word="Trading">Trading</span> <span word="of">of</span> <span word="the">the</span> <span word="crude">crude</span> <span word="oil">oil</span> <span word="futures">futures</span> <span word="contracts">contracts</span> <span word="will">will</span> <span word="start">start</span> <span word="at">at</span> 9 <span word="a">a</span>.<span word="m">m</span>. <span word="on">on</span> <span word="March">March</span> 26 <span word="at">at</span> <span word="the">the</span> <span word="Shanghai">Shanghai</span> <span word="International">International</span> <span word="Energy">Energy</span> <span word="Exchange">Exchange</span>,<span word="or">or</span> <span word="INE">INE</span>, <span word="according">according</span> <span word="to">to</span> <span word="a">a</span> <span word="statement">statement</span> <span word="of">of</span> <span word="the">the</span> <span word="organization">organization</span> <span word="Monday">Monday</span>.</p><p><span word="The">The</span> <span word="trading">trading</span> <span word="margins">margins</span> <span word="for">for</span> <span word="the">the</span> <span word="futures">futures</span> <span word="have">have</span> <span word="been">been</span> <span word="set">set</span> <span word="at">at</span> 7 <span word="percent">percent</span> <span word="of">of</span> <span word="the">the</span> <span word="contract">contract</span> <span word="value">value</span>, <span word="the">the</span> <span word="statement">statement</span> <span word="said">said</span>.</p><p><span word="The">The</span> <span word="upward">upward</span> <span word="and">and</span> <span word="downward">downward</span> <span word="trading">trading</span> <span word="limits">limits</span> <span word="will">will</span> <span word="be">be</span> 5 <span word="percent">percent</span>, <span word="with">with</span> <span word="the">the</span> <span word="trading">trading</span> <span word="limits">limits</span> <span word="on">on</span> <span word="the">the</span> <span word="first">first</span> <span word="trading">trading</span> <span word="day">day</span> <span word="set">set</span> <span word="at">at</span> 10 <span word="percent">percent</span> <span word="of">of</span> <span word="the">the</span> <span word="benchmark">benchmark</span> <span word="prices">prices</span>.</p><p><span word="The">The</span> <span word="Shanghai">Shanghai</span> <span word="International">International</span> <span word="Energy">Energy</span> <span word="Exchange">Exchange</span> <span word="will">will</span> <span word="release">release</span> <span word="the">the</span> <span word="benchmark">benchmark</span> <span word="prices">prices</span> <span word="one">one</span> <span word="trading">trading</span> <span word="day">day</span> <span word="before">before</span> <span word="the">the</span> <span word="launch">launch</span> <span word="of">of</span> <span word="the">the</span> <span word="futures">futures</span>.</p><p>"<span word="All">All</span> <span word="institutions">institutions</span> <span word="concerned">concerned</span> <span word="should">should</span> <span word="get">get</span> <span word="ready">ready</span> <span word="for">for</span> <span word="the">the</span> <span word="launch">launch</span> <span word="of">of</span> <span word="the">the</span> <span word="crude">crude</span> <span word="oil">oil</span> <span word="futures">futures</span>, <span word="strengthen">strengthen</span> <span word="risk">risk</span> <span word="prevention">prevention</span>, <span word="and">and</span> <span word="ensure">ensure</span> <span word="stable">stable</span> <span word="operation">operation</span> <span word="of">of</span> <span word="the">the</span> <span word="market">market</span>," <span word="said">said</span> <span word="Shanghai">Shanghai</span> <span word="International">International</span> <span word="Energy">Energy</span> <span word="Exchange">Exchange</span> <span word="in">in</span> <span word="the">the</span> <span word="statement">statement</span>.</p><p><span word="Futures">Futures</span> <span word="companies">companies</span> <span word="are">are</span> <span word="offering">offering</span> <span word="training">training</span> <span word="to">to</span> <span word="clients">clients</span> <span word="and">and</span> <span word="helping">helping</span> <span word="companies">companies</span> <span word="better">better</span> <span word="understand">understand</span> <span word="how">how</span> <span word="the">the</span> <span word="financial">financial</span> <span word="product">product</span> <span word="can">can</span> <span word="mitigate">mitigate</span> <span word="risks">risks</span>, <span word="Gu">Gu</span> <span word="Jingtao">Jingtao</span>, <span word="an">an</span> <span word="analyst">analyst</span> <span word="with">with</span> <span word="Chinese">Chinese</span> <span word="investment">investment</span> <span word="bank">bank</span> <span word="BOCI">BOCI</span>, <span word="told">told</span> <span word="the">the</span> <span word="Economic">Economic</span> <span word="Observer">Observer</span>.</p><p>"<span word="The">The</span> <span word="launch">launch</span> <span word="of">of</span> <span word="the">the</span> <span word="oil">oil</span> <span word="futures">futures</span> <span word="will">will</span> <span word="greatly">greatly</span> <span word="improve">improve</span> <span word="the">the</span> <span word="risk">risk</span> <span word="management">management</span> <span word="capability">capability</span> <span word="of">of</span> <span word="small">small</span> <span word="and">and</span> <span word="medium">medium</span>-<span word="sized">sized</span> <span word="firms">firms</span>," <span word="Gu">Gu</span> <span word="said">said</span>.</p><p><span word="Futures">Futures</span> <span word="brokerages">brokerages</span> <span word="have">have</span> <span word="been">been</span> <span word="competing">competing</span> <span word="for">for</span> <span word="clients">clients</span> <span word="while">while</span> <span word="testing">testing</span> <span word="technical">technical</span> <span word="systems">systems</span> <span word="to">to</span> <span word="ensure">ensure</span> <span word="smooth">smooth</span> <span word="trading">trading</span>, <span word="according">according</span> <span word="to">to</span> <span word="Jia">Jia</span> <span word="Shuchang">Shuchang</span> <span word="of">of</span> <span word="Industrial">Industrial</span> <span word="Futures">Futures</span>, <span word="the">the</span> <span word="Economic">Economic</span> <span word="Observer">Observer</span> <span word="reported">reported</span>.</p>
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